Travala Puts Corporate Muscle Behind AVA Token with Permanent Reserve

Crypto travel platform Travala has launched a permanent strategic reserve for its AVA token and will match the AVA Foundation's existing monthly open-market buyback program.

The company's reserve will hold tokens purchased from the market, which will not be sold or transferred. This move effectively doubles the amount of AVA bought back each cycle, as Travala will purchase the same number of tokens as the AVA Foundation.

For the inaugural cycle, the AVA Foundation bought 369,881.04 AVA from the open market, and Travala matched that with another 369,881.04 AVA, bringing the combined purchase to 739,762.08 tokens.